InterGlobe Aviation Ltd. (IndiGo) on Wednesday reported its first quarter fiscal year 2024 results, the company announced through an exchange filing.
IndiGo Q1 Earnings:
Total Income: Rs 17,160.87 crore vs Rs 13,018.81 crore YoY
Total Expenses: Rs 14,070.14 crore vs Rs 14,083.05 crore YoY
Net Profit: Rs 3,090.60 crore vs Loss Rs 1,064.26 crore YoY
For the quarter ended June 30, 2023, compared to the same period last year
Capacity increased by 18.8 percent to 32.7 billion.
Passenger numbers increased by 30.1 percent to 26.2 million.
Yield declined by 1.2 percent to INR 5.18 and load factor improved by 9.0 points to 88.6 percent.
Revenue from Operations increased by 29.8 percent to Rs 166,831 million.
Average fuel prices decreased by 22.5 percent leading to decrease in fuel CASK by 26.6 percent.
EBITDAR of Rs 52,109 million (31.2 percent EBITDAR margin), compared to EBITDAR of Rs 7,169 million (5.6 percent EBITDAR margin).
Profit excluding foreign exchange of Rs 29,745 million compared to profit excluding foreign exchange of Rs 3,603 million.
Net profit of Rs 30,906 million, compared to net loss of Rs 10,643 million.
“I am pleased to report a solid start to the year building on the positive momentum from the last two quarters. We produced strong operational performance and welcomed the highest number of quarterly passengers which enabled us to generate the highest ever quarterly revenue and net profit for the quarter ended June 2023. During this quarter, we placed a new order for 500 aircraft that takes our outstanding order book to c.1,000 aircraft and further strengthens our position for future growth," said Pieter Elbers, CEO.
(With inputs from agencies)